Is the brewery sector a new real estate niche for investors?
Recently, Greene King, Britain’s biggest pub owner, has agreed to sell its entire business to CKA Group., a real estate group run by Hong Kong’s richest family. The sales price was £2.7 billion ($3.3 billion). The Suffolk business is the United Kingdom’s biggest pub owner, with about 2,700 pubs, restaurants and hotels across the country.
CKA said it was particularly attracted to Greene King because of its “established position in the U.K. pub and brewing market, freehold and long leasehold property estate, and resilient financial profile.”
George Magnus, economist and non-executive chairman-designate of CK Bidco, said in multiple local media outlets, “CKA’s strategy is to look for businesses with stable and resilient characteristics and strong cash flow-generating capabilities.
“The U.K.
